Countrywide Legal Indemnities was founded in 1994 with a vision to provide a high quality service, based on a fast and professional turnaround to all enquiries. It has since become the UK's leading legal indemnity intermediary, and was the first company to pioneer a genuine 24-hour quotation service coupled with competitive premiums and comprehensive policy cover. This dynamic approach literally transformed the legal indemnity market and attracted the attention of the Law Society, who in 1997 asked us to manage a Defective Title Insurance Scheme on their behalf. Countrywide continued to be endorsed by the Law Society for a further twelve successful years, before deciding not to tender for the renewal of the endorsement at the beginning of 2009.
Type
Private
HQ
Norwich, GB
Founded
1994
Size (employees)
31 (est)-3%
Website
cli.co.uk
Countrywide Legal Indemnities was founded in 1994 and is headquartered in Norwich, GB
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Key People/Management at Countrywide Legal Indemnities

Steven Clarke

Steven Clarke

Chairman
Colin English

Colin English

Chairman
David Kirby

David Kirby

Managing Director
Annette Willington

Annette Willington

Underwriting Manager and Associate Director
Kevin Richardson

Kevin Richardson

Underwriting Development Manager and Associate Director
Simon Page

Simon Page

Finance Controller, Compliance Manager and Associate Director
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Countrywide Legal Indemnities Office Locations

Countrywide Legal Indemnities has an office in Norwich
Norwich, GB (HQ)
St Crispins Duke St
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Countrywide Legal Indemnities Financials and Metrics

Summary Metrics

Founding Date

1994

Countrywide Legal Indemnities Financials

Countrywide Legal Indemnities's revenue was reported to be £15.55 m in FY, 2016
GBP

Revenue (FY, 2016)

15.6 m

Gross profit (FY, 2016)

13.7 m

Gross profit margin (FY, 2016), %

88.1%

Net income (FY, 2016)

727.1 k

EBITDA (FY, 2016)

871.5 k

EBIT (FY, 2016)

784.8 k

Cash (31-Dec-2016)

10 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

9.2 m7.4 m5.9 m7.6 m8 m9.1 m11.4 m13.4 m14.7 m15.6 m

Revenue growth, %

17%10%

Cost of goods sold

326.8 k308.5 k266.8 k385.4 k372.9 k659 k1.2 m1.6 m1.9 m1.9 m

Gross profit

8.8 m7.1 m5.6 m7.2 m7.6 m8.4 m10.2 m11.7 m12.9 m13.7 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

403 k(597.3 k)231.3 k263.7 k198.7 k138.5 k418.6 k567.6 k516.7 k727.1 k

Cash From Operating Activities

476.6 k(1.6 m)23.8 k1.9 m(671.5 k)1.2 m1.3 m97.5 k1.2 m2.7 m

Cash From Financing Activities

(11 k)(34.9 k)

Net Change in Cash

205.1 k(1.8 m)104.5 k1.8 m(855.1 k)1.2 m1.1 m(110.2 k)1.2 m2.6 m
GBPY, 2016

Revenue/Employee

474.9 k

Financial Leverage

2 x
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